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Grain Report Monday - 13th March

Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day. Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets. If you need to change your offer price, simply edit it before market open.

What price do you want for your grain?

Chart including Wheat CBOT prices, Wheat Black Sea prices, Canola ICE prices and Canola MATIF prices

Grain trade prices for Australia Grain (wheat, barley, Sorghum, Lupins, Canola, Faba Beans, Oats, Chickpeas and lentils)

Look Out!

  • US wheat futures rebounded after hitting a 20-month low.

  • Kansas wheat was up almost AUD $14 per tonne. Take that you Bears

  • Labour Day holiday in Vic, at the same time politicians pushing for a 4-day working week, same hours per day (8) but with 5 days’ pay.

  • Apparently, productivity goes up, so we do more with less, a bit like farmers growing more grain with less rain.

  • I think the shearers will like it, as they just have to shear 20% more sheep per day in the same hours over 4 days to achieve the same productivity number over 5 days: simples.

  • Dairy farmers are going to go 3 milkings per day and take the weekends off.

  • Also, I assume farmers will need to buy bigger, faster tractors and headers to do more in less time, and then take Fridays off.

  • Reports of a sale of 120,000 tonnes of feed wheat was made to South Korea at USD $309.90 C&F (Cost & Freight) (equates to AUD $410 FIS (Free in Store) WA and AUD $390 Track East Coast).

  • Their last purchase just over 1 month ago was at USD $336 C&F (FIS WA AUD $425 & AUD $400). In early Feb, WA APW was quoted at USD $329.50 for June shipment and last USD $326 for July shipment, a drop of around USD $3.50 over the month.

  • Russian wheat, the cheapest on the market fell USD $10 over the same period. But this sale was USD $26 low, why? Is Australia discounting ourselves to win business?

  • However, even though the sale was lower, due to lower freight and AUD falling, the FIS WA is only AUD $15 lower and AUD $10 lower for Track east coast. But if we held with world values, the FIS/TRACK values would be the same or better.

  • With lower sea freight, the spread between West Australia and East Australia narrows, unless of course, there is a big event on the East Coast, like the opening round, Tigers versus Blues, then you may have an Uber Sea Freight surcharge. There will be no Uber surcharge for the North Melbourne – Eagles match at Marvel stadium next Saturday though.

  • South Korea has purchased around 900,000 tonnes of feed wheat for shipment this marketing year. It may be more, as we must scour the bowels of the information networks to try and find bits of information which we piece together to report where we are selling our wheat to. But if I was a Yankie, this information would be reported weekly and freely available.

  • Maybe we should cancel the US submarine contract and engage the USDA to provide us information about what happens in our own backyard, so growers can be fully informed when making prices decisions, instead of reading my baloney, tossing a coin, and praying for markets to go up, whilst still having a bumper crop at home.

Most importantly we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email


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